CXM — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($5.82)
DCF	$23.86	+310.0%
Graham Number	$4.58	-21.4%
Reverse DCF	—	implied g: -20.0%
DDM	—	—
EV/EBITDA	$9.87	+69.6%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $135.37M

Near-term growth (yrs 1–5)(%)Rev: 9.2% / EPS: -75.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.24%

Computed WACC: 8.24%

Cost of equity (Re)8.52%(Rf 4.30% + β 0.77 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)96.74%

Debt weight (D/V)3.26%

Results

Intrinsic Value / share$26.78

Current Price$5.82

Upside / Downside+360.2%

Net Debt (used)-$431.91M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	1.2%	5.2%	9.2%	13.2%	17.2%
7.0%	$24.54	$28.78	$33.69	$39.35	$45.84
8.0%	$20.55	$23.95	$27.88	$32.40	$37.57
9.0%	$17.80	$20.61	$23.86	$27.60	$31.87
10.0%	$15.78	$18.17	$20.93	$24.09	$27.71
11.0%	$14.24	$16.31	$18.69	$21.42	$24.54

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $0.41

Book Value / share($)Yahoo: $2.27

Results

Graham Number$4.58

Current Price$5.82

Margin of Safety-21.4%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.24%

Terminal growth rate(%)

Computed WACC: 8.24%

Cost of equity (Re)8.52%(Rf 4.30% + β 0.77 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)96.74%

Debt weight (D/V)3.26%

Results

Current Price$5.82

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth9.2%

Historical Earnings Growth-75.0%

Base FCF (TTM)$135.37M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$5.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $57.39M

Target EV/EBITDA multipleCurrent: 17.5×

Net Debt($B)Default: -$431.91M

Results

Implied Equity Value / share$9.87

Current Price$5.82

Upside / Downside+69.6%

Implied EV$1.00B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$2.43B	-$1.43B	-$431.91M	$568.09M	$1.57B
13.5x	$22.05	$15.17	$8.29	$1.42	$-5.46
15.5x	$22.83	$15.96	$9.08	$2.21	$-4.67
17.5x	$23.62	$16.75	$9.87	$3.00	$-3.88
19.5x	$24.41	$17.54	$10.66	$3.78	$-3.09
21.5x	$25.20	$18.33	$11.45	$4.57	$-2.30

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